Or. Admin. Code § 836-054-0410

Current through Register Vol. 63, No. 11, November 1, 2024

Section 836-054-0410 - Cancellations

An insurer may cancel a commercial liability policy if:

(1) The insurer was required to renew the policy by an emergency order issued by the director;

(2) The cancellation is not due to claims resulting solely from the circumstances on which the emergency order was based, except in cases of fraud or material misrepresentation;

(3) The insurer has provided 45 days written notice to the insured and insurance producer, if any; and

(4) The cancellation does not violate any other law or order by the director.

Or. Admin. Code § 836-054-0410

ID 5-2020, temporary adopt filed 07/27/2020, effective 7/27/2020through 1/22/2021; ID 1-2021, adopt filed 01/21/2021, effective 1/22/2021

Statutory/Other Authority: ORS 731.244 & ORS 742.702

Statutes/Other Implemented: ORS 742.702 & ORS 731.870